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Economics - Mid term Review page
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SSEF1
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SSEF3
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SSEF3
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Objective:
SSEF3 The student will explain how specialization and voluntary exchange between buyers and sellers increase the satisfaction of both parties.
a. Give examples of how individuals and businesses specialize.
b. Explain that both parties gain as a result of voluntary, nonfraudulent exchange.
Links used in class:
Division of Labor
Red Paper Clip
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Objective:
SSEF3 The student will explain how specialization and voluntary exchange between buyers and sellers increase the satisfaction of both parties.
a. Give examples of how individuals and businesses specialize.
b. Explain that both parties gain as a result of voluntary, nonfraudulent exchange.
Links used in class:
Division of Labor
Red Paper Clip